Tuesday, June 07, 2022 11:27:00 AM
From RealDutch
EV/EBITDA for oil production companies = 8.3
EV (Enterprise Value) for BDCO = $72M
This is the price you would have to pay when you acquire the company (which includes all the debt).
EBITDA for this year, oh dear. Why not make it $72M?
Then EV/EBITDA = 72/72 = 1
Which means we are 8.3 times undervalued which means we should be trading at $10.
So far good?
But things are going to change around here. By year end the company will be debt -free, we will be trading at $10 and have a market cap of $150M.
Then EV/EBITDA = 150/72 = 2.1
IOW, we should have a market cap of 8.3 x 72 = $598M
Which gives us a share price = 598/15 = $39.9
I hope I didn't make any mistakes. I'm good but I'm not that good.
So please correct me if I'm wrong.
Recent BDCO News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 08:13:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 10:22:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:49:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 10:23:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 02:09:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 07:26:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 05:45:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/10/2023 06:56:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2023 09:19:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 11:15:12 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 09:05:56 PM
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